Hi,
What this thread is NOT :
This is not an eductional thread, ie if you dont already trade / recognize patterns, this is not the thread you would be looking for, however you could go to
http://www.traderji.com/technical-analysis/45193-my-charts-yours-too.html
Thats the one i know of, very interactive and could help you with queries.
'=======================================================
This thread is intended for those who actually understand and trade Patterns. I dont mean 'to perfection', but at least to a point where one knows a good pattern when one sees it, togather we'll take it from there
We shall try to deal with the finer points in patterns.
ie Core pattern traders.
I intend to post patterns i see developing and you could do the same if you choose to, we can discuss entries / exits / SL and validity of patterns.
Posting below some pattern ive seen developing but didnt trade so i thot it might as well benifit everyone if we have a place we could discuss patterns so everyone gains.
Bringing Elliotts into the picture and a bit :
- A good pattern is one that leads to an impulse. There are no pattern failures... patterns 'fail' when one enters a corrective wave etc.
- I usually stick to TRIPLES, ie if im looking at a triangulation i look for three touches to each side, gives better runs and fewer hits than looking at 2 touches. There are very few patterns i trade on two touches to a side.
- The structure of bodies within a pattern is critical, well structures self-respecting bodies indicate an impulse... ie stock is biding its time till a breakout, wide structures within a pattern are likely to occur in a 4th wave or a corrective wave, we will avoid trading them.
Pattern trading helps eliminate 'guess-work', 'feeling' and 'it-coulds' ... lets make the best of it
Thanks.
What this thread is NOT :
This is not an eductional thread, ie if you dont already trade / recognize patterns, this is not the thread you would be looking for, however you could go to
http://www.traderji.com/technical-analysis/45193-my-charts-yours-too.html
Thats the one i know of, very interactive and could help you with queries.
'=======================================================
This thread is intended for those who actually understand and trade Patterns. I dont mean 'to perfection', but at least to a point where one knows a good pattern when one sees it, togather we'll take it from there
We shall try to deal with the finer points in patterns.
ie Core pattern traders.
I intend to post patterns i see developing and you could do the same if you choose to, we can discuss entries / exits / SL and validity of patterns.
Posting below some pattern ive seen developing but didnt trade so i thot it might as well benifit everyone if we have a place we could discuss patterns so everyone gains.
Bringing Elliotts into the picture and a bit :
- A good pattern is one that leads to an impulse. There are no pattern failures... patterns 'fail' when one enters a corrective wave etc.
- I usually stick to TRIPLES, ie if im looking at a triangulation i look for three touches to each side, gives better runs and fewer hits than looking at 2 touches. There are very few patterns i trade on two touches to a side.
- The structure of bodies within a pattern is critical, well structures self-respecting bodies indicate an impulse... ie stock is biding its time till a breakout, wide structures within a pattern are likely to occur in a 4th wave or a corrective wave, we will avoid trading them.
Pattern trading helps eliminate 'guess-work', 'feeling' and 'it-coulds' ... lets make the best of it
Thanks.
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